13 MILL Street
Elora, Ontario
4,510 sqft • Other
Big price improvement same incredible opportunity! Iconic Mixed-Use Investment Opportunity in Downtown Elora A rare chance to own a landmark stone building in the heart of highly sought-after downtown Elora. This exceptional property features two residential income units, a successful, established restaurant, and an additional storefront commercial unit, making it a truly diversified and tremendous portfolio opportunity. Meticulously updated and renovated to the highest standards, the building showcases timeless stone craftsmanship while offering modern systems, finishes, and functionality throughout. The restaurant includes a full-service patio overlooking the Grand River, delivering an unmatched dining experience and strong draw for locals and visitors alike. Positioned in a high-traffic location, surrounded by boutiques, tourism, and year-round foot traffic, this property benefits from Elora’s vibrant downtown energy and enduring demand. Whether you’re an investor seeking stable income, a business owner looking for a signature location, or a portfolio builder targeting premier assets, this is a once-in-a-generation opportunity in one of Ontario’s most desirable small towns. Downtown Elora. Iconic setting. Proven income. Exceptional upside.
Price History
Schools
Elementary
- St Mary - Elora Catholic Elementary School0.9 km
Catholic · Wellington CDSB · 400 students
Grade 3 reading: 91% met the provincial standard · Grade 6 math: 62% met the provincial standard
- Elora Public School1 km
Public · Upper Grand DSB · 545 students
Grade 3 reading: 86% met the provincial standard · Grade 6 math: 52% met the provincial standard
- Salem Public School1.9 km
Public · Upper Grand DSB · 285 students
Grade 3 reading: 82% met the provincial standard · Grade 6 math: 79% met the provincial standard
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area N0B
- Population
- 86,919
- Private dwellings
- 31,269
- Median age
- 42.8
- Average household size
- 2.9
- Median household income
- $120,000
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Other in Elora · last 12 months
- Median sold price
- $0
- Homes sold
- 0
- Median days on market
- 0
- Sale-to-list price
- 0.0%
Based on 0 recorded sales of other properties in Elora over the last 12 months.
Location
Mortgage Calculator
$519,980
Estimated Monthly Payment
$12,773
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $12,773/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $650/mo
Estimates only. Consult a financial advisor.
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